iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Markets close in a positive mood

7 Aug 2023 , 03:42 PM

Indian benchmark indices closed in an uplifted sentiment riding on gains in IT and Pharma stocks. Nifty 50 closed 81 points higher. Sensex closed with a gain of 235 points.

In today’s trade, markets continued their previous session’s rally, driven majorly by positive earnings releases, even though investors remain cautious ahead of a data-heavy week. US inflation data and the Reserve Bank of India’s monetary policy outlook are set to be released this week.

Nifty Bank and Media stocks closed slightly under pressure. Nifty IT, Pharma, and Healthcare stocks closed with an uptick of over 1%. All other sectoral indices closed in a boosted sentiment.

Divis Lab, Mahindra & Mahindra, SBI Life, Sun Pharma, and LTIMindtree emerged as the biggest gainers in the nifty pack today. On the flip side were Britannia Industries, Bajaj Auto, SBI, Tata Motors, and Axis Bank.

Most active stocks in terms of value were HDFC Bank, SBI, ICICI Bank, Mahindra & Mahindra, and Adani Enterprises. In terms of volume, the most active stocks were SBI, Tata Steel, ICICI Bank, HDFC Bank, and NTPC.

A total of 168 stocks touched new 52-week highs in today’s trade and 19 touched new 52-week lows.


Related Tags

  • BSE
  • Closing Commentary
  • nifty
  • NSE
  • sensex
  • stock market
  • stock market news
sidebar mobile


Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.